Bitcoin (BTC) suffers immediate rejection after ironing $ 40,000

Bitcoin’s price follows two ascending support lines: one short term, and one medium term.

There is a resistance zone at $ 39,463 and support at $ 37,143.

BTC trades within a short-term ascending parallel channel.

On January 14, Bitcoin (BTC) hit a high of $ 40,112. However, it suffered rejection immediately afterwards and has been in decline ever since.

Although the long term trend is likely bearish, the short term trend remains bullish as long as Bitcoin is trading above $ 36,717

Hidden divergences lead to sharp rise in Bitcoin

BTC has been rising from its local January 11 low at $ 30,402. It created a long lower wick just above the 0.382 fibonacci retracement level of the latest bullish move to date.

On January 14, BTC climbed to $ 40,112, before suffering a rejection.

The technical indicators for the day are bearish. The RSI has generated considerable hidden bullish divergence , but this has already caused price to rise earlier.

The MACD is declining and the stochastic oscillator has formed a bearish cross. These are two strong signs of a downward trend

The six-hour chart shows that BTC was rejected at the 0.786 fibonacci retracement level, which previously served as support. Thus, the area of ​​$ 39,463 is now confirmed as resistance.

Despite this rejection, technical indicators remain bullish, and an ascending support line currently sits at $ 34,000. This means that the short term trend may still be bullish.

The two-hour chart shows that BTC is following another upward, shorter-term support line. This line currently sits just below the support at $ 37,143. This corresponds to the fibonacci level 0.382 of the last bullish movement to date.

As long as BTC is trading above this area / support line, the short-term trend is still considered upward.

Bitcoin and Ethereum fundamentals remain strong despite recent fall in prices

The fundamentals of the Bitcoin and Ethereum networks still look strong despite the recent drop in prices.

The hash rate of both recently hit a new all-time high.

The number of active addresses and those holding more than 1,000 BTC is also on the rise.

Bitcoin and Ethereum still look strong at their fundamentals despite the recent drop in prices. Both networks have just achieved record hash rates and it seems that their use is increasing.

The hash rate is peaking as BTC and ETH prices decline, losing some of their gains so far in 2021. Clearly, price volatility has not deterred miners from trading. support either of these two networks.

Crypto prices are falling but fundamentals remain strong

The first two weeks of 2021 were a roller coaster ride for cryptocurrency investors. Bitcoin and Ethereum both started the year by continuing their rallies that started in late 2020.

Bitcoin crossed the $ 30,000 mark on January 2 and continued to climb until it hit a new all-time high on January 8, just below $ 42,000. Meanwhile, ETH hit a high of around $ 1,350 after opening the new year at less than $ 750.

However, the upward momentum came to an abrupt end on Sunday January 10. As of Monday January 11, BTC had fallen to around $ 31,700 and ETH was trading below $ 1,000 again.

Despite a 25% drop in prices, network fundamentals remain solid. As the Coin Metrics ‚ State of the Network ‚ weekly report indicates , some metrics to assess the strength of the cryptocurrency have continued to increase.

ETH Options BTC Surge

In particular, the hash rates of Bitcoin and Ethereum have reached an all-time high. Hash rate refers to the combined power of all of the mining hardware securing a blockchain network.

A growing hash rate indicates that miners continue to deploy hardware to the network in the hope of future profits. This suggests that both Bitcoin and Ethereum miners remain confident, even in the face of a significant drop in price.

Bitcoin’s hash rate hike looks likely to continue, with major operations slated for expansion this year. As BeInCrypto previously reported, several US mining companies recently placed massive orders with mining platform maker Bitmain.

The equipment that Marathon Patent Group and Core Scientific have ordered will not arrive at its destination until the end of the year. This delivery will significantly expand the existing activities of each company.

Bitcoin and Ethereum’s active addresses are also on the rise

In addition to hash rates at their highest level to date, the Coin Metrics report also highlights the growth of active BTC network addresses like ETH. The number of addresses transacting on both networks is approaching the highs set during the 2017 bull market.

Coin Metrics points out, however, that active addresses do not give a clear picture of the growth in network usage. This is because many cryptocurrency users prefer to use multiple addresses. An address therefore does not necessarily correspond to a single user.

The research company wrote, however:

“With this in mind, active addresses are nevertheless a good indirect indication of overall usage. The increase in active BTC and ETH addresses indicates that on-chain activity is increasing for both networks ”.

Additionally, Coin Metrics points to an increase in the number of addresses holding 1,000 BTC or more. Used as an indicator of institutional adoption of Bitcoin, these “whale” addresses have seen a sharp increase since the start of 2021.

Inspired by Michael Saylor’s BTC purchases for his company MicroStrategy, the end of 2020 was marked by the position of several financial institutions and companies in the bitcoin market. Many industry observers expect this trend to continue in 2021.

In this regard, MicroStrategy will be hosting an online event called “ Bitcoin and Corporations ” next month . The business analyst firm will explain how they made the decision to buy BTC, as well as the methods they used to go about it.

Recordvolume en ‚krankzinnig‘ verkeer breken de belangrijkste cryptocurrency-uitwisselingen

Beurzen blijven worstelen met schaal- en connectiviteitsproblemen, aangezien het volume elke dag nieuwe ATH’s bereikt in combinatie met de prijs van digitale activa.

De historische winsten van Bitcoin resulteren in constante problemen bij cryptocurrency-uitwisselingen

Op donderdag overtrof Bitcoin $ 40.000 en bood toen een koop de dipkans met een daling tot $ 36.550, maar mensen konden er geen gebruik van maken omdat ze geen toegang hadden tot de platforms. Vandaag bereikte BTC $ 41.960.

Op woensdag en donderdag ondervond Coinbase verbindingsproblemen .

“We zijn op de hoogte van en onderzoeken verbindingsproblemen op Coinbase en Coinbase Pro op zowel web- als mobiele apps. We werken er snel aan om de service weer normaal te maken ”, merkte de in San Francisco gevestigde beurs op, die vorige maand een IPO bij de SEC heeft aangevraagd met een paardenstaartwaardering van $ 28 miljard.

Dit is niet eens de eerste keer dat de cryptogemeenschap lang klaagt, zelfs vóór de bull run van 2017, hierover zonder enige oplossing

Een andere populaire cryptocurrency-uitwisseling, Binance , worstelt met vergelijkbare schaalproblemen. De CEO, Changpeng Zhao, beloofde meer servercapaciteit toe te voegen tijdens de storing in december.

Deze verstoringen op crypto-uitwisselingen zijn het gevolg van snelle prijsstijgingen die steeds meer verkeer naar hen trekken. Toen BTC in juni de mijlpaal van $ 10.000 brak, ervoer Coinbase een vervijfvoudiging van het verkeer in vier minuten.

Het Coinbase-verkeer is gestegen van 23,73 miljoen in oktober tot 47,97 miljoen in december, volgens Similar Web. In dezelfde tijd steeg het verkeer van Binance van 32,5 miljoen naar 56,27 miljoen.

Het volume op de beurzen heeft ook nieuwe records bereikt.

“Binance ondervindt ATH-volumes. Gebruikers kunnen wat vertraging oplopen als gevolg van extreme marktvolatiliteit, ” tweette de beurs vrijdag.

David Sønstebø settles scores with IOTA

David Sønstebø settles scores with IOTA

Shortly after David Sønstebø, one of the co-founders of IOTA, had to leave the company, he addressed his former colleagues, among others, in a public letter to make his view of what happened public.

Sønstebø’s article was published on 26 December. Already in the first lines he explains that he is partly relieved not to work at the Iota Foundation anymore, as his life had been exclusively about the good of the company until the time of his departure.

Even before the article was published, there were signs of a split. On 10 December, the Foundation published a post on its blog stating that the Bitcoin Evolution company was not concerned with individuals and that Sønstebø’s departure would not change the company’s strategy.

The decision to part ways was a difficult one, but it had to be made. There were several instances where David’s actions were not in line with what the foundation stands for and who we want to be

the article said. The main reason for the separation, however, was conflict over common interests. In his article, Sønstebø did not spare criticism of his former company. In the meantime, he said, IOTA was only a project for its own sake, aimed at making a profit. He, on the other hand, was only ever concerned with the technology. In addition to this claim, some of the company’s employees are also being attacked.

Sønstebø comments on individuals

For example, he calls on Dominik Schiener, co-chairman of the board of directors and founder of IOTA, to stop calling himself a co-founder of the company:

‚You were not involved in the development of the theory of the Tangle or the IOTA vision. While we were conceptualising IOTA, you had no idea or interest in IoT and played no role in the vision of machine economics, data integrity through DLT, fee freedom, etc. You did not even know about IOTA when this was concretised.

He stated that it was time to get the truth out to the public. He said he would publish his personal plans at a later date, early next year.

This is not the full stop at the end of the last sentence of the last chapter. It is just a comma.

Furthermore, Sønstebø emphasised that he will continue to work on IOTA with members of the foundation and external partners.

The IOTA course, however, is left cold by the story of the former employee Sønstebø. The price is on a high and is currently at around 0.2977 US dollars.

Bitcoin maximalism vs. Altcoin idealism

There is no shortage of diversity in the crypto market: with around 6,000 crypto currencies listed, the crypto ecosystem is extremely diverse. But not all investors are convinced of the potential of altcoins. For maximalists, only Bitcoin counts. Is this position justified or naive?

The article first appeared in the October issue of Kryptokompass . More information on the monthly magazine with the main topics digital assets and blockchain technology can be found in the Kryptokompass Shop .

For maximalists, the crypto market is divided into Bitcoin on the one hand and all the rest – almost 6,000 crypto currencies – on the other. For Bitcoin maximalists, the matter is clear: Only Bitcoin keeps its value proposition, Altcoins are doomed to fail sooner or later. Altcoin traders, on the other hand, argue with more lucrative returns and real-world use cases of some ambitious atcoin projects. In order to make both positions heard, we compare the views and let you decide who has the better arguments.

Pro bitcoin maximalism

Besides Bitcoin, there are no cryptocurrencies in existence. It is not for nothing that this totalitarian stance is called Bitcoin maximalism. For maximalists, affectionately called Maxis, there is only Bitcoin that keeps its value proposition. Why? Because, according to the Maxis, Bitcoin is the best of all monetary systems. To make this train of thought plausible, a look at the BTC genesis helps.

Bitcoin emerged in response to inflationary and centrally controlled monetary systems. The deflationary programmed BTC in circulation is fixed on the blockchain. This infrastructure also protects against manipulation and interference – there is no single point of failure in the BTC network. In contrast to many Altcoin projects such as Ethereum, the Bitcoin Blockchain hardly swallows any computing capacity. With a full node everyone can make their contribution to the network, over 10,000 full nodes are currently active. In terms of decentralization, BTC fulfills all requirements in an exemplary manner.

But the decisive criterion for Maxis is the scarcity of the asset. After all, BTC is the “finest” of all goods and, with a total supply of 21 million coins, is rarer than the most coveted of all precious metals, gold. The interaction with factors such as divisibility and the inherent value storage function allows only one conclusion: Bitcoin will survive, while all Altcoins will sooner or later bite the grass. Due to the network effects, no other cryptocurrency is able to reconcile the separation of money and institution with simultaneously increasing acceptance as a means of payment and function as a store of value like Bitcoin.

Contra maximalism

Bitcoin was the first mover – but that’s about it. Its quality as a secure store of value is primarily based on the fact that the Bitcoin blockchain has had most of the time to grow. The same applies to the awareness of the “brand” Bitcoin, which is the only one of the cryptocurrencies that regularly finds its way into the mainstream media – even if it is usually only about the recent price escapades of BTC, which has long since degenerated into a purely speculative asset has moved far from Nakamoto’s original idea of ​​an „electronic peer-to-peer payment system“.

The fact that the not exactly small community of BTC developers has not yet succeeded in turning BTC from a digital asset into a currency suitable for everyday use in eleven years should be a warning signal for those who think that BTC can replace fiat money in the future. Bitcoin is neither anonymous nor scalable. Attempts to make BTC usable for payments have ended in forks (BCH, BSV) or got lost in the development of the Lightning Network, which is still stagnating.

In the long term, this also puts the saw on the narrative of Bitcoin as a store of value, because its artificial scarcity alone will not be enough in the long term to live up to its reputation as „digital gold“. The dogmatic Bitcoin maximalism, which generously closes its eyes to the developments in the crypto sector, is more shaped by ideology and wishful thinking than by reason. The supposed “safe haven” Bitcoin could turn out to be a mirage at the latest when the last block is “mined” and the miners only have to draw from the network fees.

Qui a vraiment acheté la première Lamborghini Bitcoin

Peut-être que le titre de „Lamborghini Bitcoin“ de Khaled n’est pas le dernier, car il pourrait être à l’origine d’un nouveau terme s’il achète une autre supercar au milieu de la récente montée en puissance de la CTB.

La Lamborghini, une voiture de sport de performance, est un „saint graal“ pour certains amateurs de cryptocurrences. L’ascension fulgurante de Bitcoin en 2017 a fait faire une fortune aux adeptes de la première heure, certains profitant de leurs bénéfices – et faisant la fête – pour acheter des supercars ultra chères, en particulier des Lamborghini. Leurs achats de plus de 200 000 dollars ont consolidé leur statut de „légendes du bitcoin“ et ont mis en route une nouvelle race de propriétaires de Lamborghini qui ont acheté leurs supercars avec une monnaie cryptographique. Mais qui a vraiment acheté la première Lambo Bitcoin ?

Les Lamborghini coûtent entre 200 000 et 2 200 000 dollars selon le modèle. En 2017, lorsque la hausse du prix du bitcoin a déclenché une frénésie mondiale de cryptographie, le sujet des Lamborghinis était devenu une conversation brûlante. Des forums Internet comme Reddit et Bitcointalk ont inventé le terme „When Lambo“, qui fait référence au seuil à partir duquel les hodleurs peuvent acheter une voiture de sport. Lors de la conférence nord-américaine sur les bitcoins de 2017 à Miami, organisée par Moe Levin, des dizaines de Lamborghini étaient alignées à l’entrée du site, mettant en avant la richesse des premiers utilisateurs et des spectateurs des auvents. Depuis lors, les Lamborghini achetées avec des bitcoins sont devenues le symbole de l’influence de la cryptographie.

À ce jour, seuls quelques millionnaires de la cryptologie sont connus pour avoir publiquement dépensé leur bitcoin pour des Lamborghini, l’automobile italienne est devenue le symbole extérieur de la culture de la cryptologie. „When Lambo ?“ est depuis lors devenu l’abréviation de „crypto success“ (succès de la cryptographie). Alors que les quelques premiers acheteurs de crypto-lambo ont audacieusement façonné le conte populaire de Bitcoin Billionaire Lamborghini, gagnant ainsi la notoriété de „légendes du bitcoin“ au sein de la communauté des chaînes de magasins, beaucoup se posent cette question fondamentale : qui a été le premier ?

En 2014, un utilisateur de 4chan a dépensé 216 BTC et a acheté une Lamborghini Gallardo pour 210 000 dollars à Lamborghini Newport Beach en utilisant un service tiers qui vérifie le bitcoin. La légende veut que l’utilisateur ait divulgué l’achat sur Reddit, et la nouvelle de l’achat s’est répandue. Le concessionnaire qui a vendu la voiture a proclamé qu’il était le premier concessionnaire de voitures exotiques à accepter le bitcoin comme moyen de paiement.

En 2015, Peter Saddington a encaissé 45 Bitcoins pour une Lamborghini Huracan blanche de 200 000 dollars. Il est clair qu’Automobili Lamborghini a commencé à produire le modèle Huracan en 2015 et l’éliminera donc en tant que première „Lamborghini Bitcoin“.

Mais une découverte récente montre qu’en janvier 2014, un autre crypto-trader a acheté une Lamborghini Gallardo blanche, ce qui a permis à Saddington et à l’utilisateur de la 4chan d’être le premier „Bitcoin Lamborghini“. Khaled Mazeedi, connu sur Instagram sous le nom de @ten, a acheté sa Lamborghini chez Sanam Cars à Dubaï en remettant un portefeuille Trezor pour acheter la voiture en janvier 2014.

„Pour moi, cela envoie un message puissant, une nouvelle tendance est en train de se réaliser, où les monnaies numériques peuvent passer dans le monde réel, transformant les rêves en réalité“, a déclaré Mazeedi à l’International Business Times.

Mazeedi a commencé à acheter des bitcoins en 2013, alors qu’un seul bitcoin ne coûtait que 280 dollars. Il affirme en avoir acheté plus de mille. En novembre dernier, les bitcoins sont passés à 16 500 dollars chacun. En calculant le retour sur son prix d’achat initial de 280 $, cela représente un gain de 5 900 % sur son investissement initial.

Depuis l’achat de la Lamborghini par Mazeedi avec Bitcoin en 2014, la fièvre Lamborghini s’est rapidement répandue dans la crypto-communauté. Les passionnés suivent même un indicateur de prix spécial Lamborghini qui associe le modèle haut de gamme de la marque, la Lamborghini Aventador, au prix de la BTC, pour indiquer quand les „hodlers“ ont assez de satoshis pour échanger la supercar. Selon le téléscripteur Lamborghini/BTC ( Lambo2btc ), une seule BTC équivaut à environ 0,03985802 d’une Lamborghini Aventador entière.

Pour autant que nous sachions, Mazeedi est en fait le premier propriétaire de Lamborghini Bitcoin, et maintenant, pour les investisseurs de haut niveau dans le domaine de la cryptographie, le „Saint Graal“ est plus accessible qu’il ne l’a jamais été. Bitcoin est sur la bonne voie pour atteindre son précédent record en 2017, permettant ainsi une nouvelle vague de propriétaires de supercars Bitcoin. Le titre de „Bitcoin Lamborghini“ de Khaled n’est peut-être pas son dernier, car il pourrait bien être à l’origine d’une nouvelle tendance s’il achète une autre supercar au milieu de la récente flambée de la CTB. „Bitcoin Ferrari“ ?

Was ist ein CBDC?

Was ist ein CBDC?

CBDC steht für „central bank digital currency“, eine neue Art von Währung, mit der Regierungen auf der ganzen Welt experimentieren. Was einen CBDC von den etablierten Währungen unterscheidet, ist die Hoffnung der Befürworter, dass er neue Zahlungstechnologien, in der Regel eine Blockkette, einsetzen kann, um die Zahlungseffizienz zu erhöhen und die Kosten zu senken.

Dieser neue Währungstyp befindet sich noch in einem frühen Stadium seiner Entwicklung. Die meisten Länder stehen erst am Anfang der Erforschung dieser Idee, wie z.B. die US-amerikanische Form eines digitalen Dollars. Einige wenige aufstrebende Länder, darunter China mit seinem digitalen Yuan und Südkorea, haben bereits eine Demonstration abgeschlossen und führen die BitQT Technologie als Pilotprojekt durch. Aber ein CBDC muss erst noch in großem Maßstab eingeführt werden.

Jedes Land, das einen CBDC erforscht, hat seinen eigenen Ansatz. Mehrere CBDCs basieren auf denselben allgemeinen Prinzipien und derselben Blockkettentechnologie, die Bitcoin, der ursprünglichen Kryptowährung, zugrunde liegt.

Die Blockchain-Technologie ermöglicht es vielen verschiedenen Einheiten, eine Kopie einer Transaktionshistorie zu speichern, so dass die Historie verteilt wird und nicht von einer einzigen Einheit kontrolliert wird.

Es ist bekannt, dass mehrere Länder mit Blockchain-inspirierten CBDCs experimentieren. Venezuela war in dieser Hinsicht ein Pionier, als es 2018 seine eigene Krypto-Währung, das Erdöl, einführte. Das Erdöl ist jedoch von Problemen geplagt, und nur sehr wenige Venezolaner verwenden es tatsächlich. Neben Venezuela ist die chinesische Regierung bei der Schaffung eines CBDC wahrscheinlich am weitesten fortgeschritten. Sie erprobt bereits in mehreren Städten einen digitalen Yuan. Die US-Notenbank Federal Reserve Bank of Boston arbeitet mit dem renommierten Massachusetts Institute of Technology (MIT) zusammen, um ebenfalls mit einem digitalen Dollar zu experimentieren.

Gemeinsame CBDC-Merkmale

Die CBDCs befinden sich noch in einem sehr frühen Stadium, so dass es unklar ist, welche Merkmale sie am Ende tatsächlich haben werden – das heißt, falls sie jemals eingeführt werden.

In vielen Fällen ist ein CBDC wie eine Mischung aus Bitcoin (BTC, -1,46%) und einer von der Regierung emittierten Währung. Die daraus resultierende CBDC-Kreatur zieht Attribute beider an, und zu den spezifischen Merkmalen können die folgenden gehören:

Verteilte Ledger-Technologie (DLT)

Wir leben in einer digitalen Welt, und unser Geld ist zunächst einmal größtenteils digital. Wir nutzen Apps auf unseren Smartphones, um einen Blick auf unsere Bilanzen zu werfen. Wir verwenden Kreditkarten, um Zahlungen zu tätigen. Inwiefern ist ein CBDC also anders?

CBDCs sind digital, aber mit einer anderen technologischen Ausstattung. Sie werden im Allgemeinen vorgeschlagen, um Geld von Grund auf neu zu strukturieren, wobei viele von der zugrunde liegenden Technologie von Bitcoin mit der Distributed-Ledger-Technologie (DLT) Gebrauch machen.

Um den Überblick über das Geld zu behalten, müssen Banken finanzielle Aufzeichnungen, wie z.B. wie viel Geld eine Person hat und welche Transaktionen sie getätigt hat, in einem Ledger speichern.

Anstelle einer zentralen Datenbank, in der alle Finanzaufzeichnungen von Personen gespeichert werden, besteht DLT aus mehreren Kopien dieser Transaktionshistorie, die jeweils von einer separaten Finanzinstitution gespeichert und verwaltet werden und normalerweise von der Zentralbank des Landes von oben verwaltet werden. Diese Finanzinstitute teilen sich die DLT gemeinsam in verteilter Form.

Es handelt sich hierbei um eine so genannte genehmigte Blockkette, da nur wenige ausgewählte Einheiten auf die Blockkette zugreifen und/oder sie verändern können. Darüber hinaus kontrollieren die zentralen Instanzen, wer Zugriff auf die Blockkette erhält und was sie damit tun können. Zum Beispiel könnte die zentrale Instanz entscheiden, dass Alice die Blockkette nur lesen kann, während Bob die Blockkette sowohl verändern als auch lesen kann.

Dies steht im Gegensatz zu einer unbefugten Blockkette wie Bitcoin, die es jedem erlaubt, die Software auszuführen und am Senden von Transaktionen im Netzwerk teilzunehmen. Keine zentrale Instanz kann Benutzer abweisen.
Zentralisiert: Wie unterscheiden sich CBDCs von Kryptowährungen?

Es gibt einen Grund, warum CBDCs diese erlaubte Blockkette wählen. Obwohl DLT einige Ähnlichkeiten mit Bitcoin und anderen Kryptowährungen aufweist, sind die Ziele sehr unterschiedlich.

Bitcoin und andere öffentliche Blockketten wie Ethereum (ETH, -2,86%) sind insofern einzigartig, als dass keine zentrale Entität oder Gruppe von Entitäten (wie es bei DLT der Fall ist) das Sagen hat. Das ist typischerweise keine Eigenschaft, die bei Regierungen gut ankommt.

Regierungen entscheiden sich für die DLT-Technologie, weil sie immer noch die Kontrolle über bestimmte Aspekte behalten können, wie zum Beispiel

Das Angebot: Bitcoin hat ein Limit von 21 Millionen Bitcoins in das Protokoll eingebaut, und es ist sehr schwer, vielleicht sogar unmöglich, dieses Limit zu ändern. Im Gegensatz dazu haben Regierungen jeweils eine Zentralbank, die für die Geldversorgung des Landes zuständig ist. Diese mächtigen Banken entscheiden, wann sie der Geldmenge Geld entnehmen oder hinzufügen, um beispielsweise in unruhigen Zeiten die Wirtschaft anzukurbeln, und legen unter anderem die nationalen Zinssätze fest. Diese Rollen werden sich mit den CBDCs nicht ändern.
Wer sie leitet: Eine zentrale Stelle entscheidet, welche Finanzinstitute an der Verwaltung des verteilten Hauptbuchs beteiligt sind. Dies unterscheidet sich von Bitcoin, das es jedem erlaubt, die Software ohne Genehmigung zu betreiben.

262 miljoonaa dollaria Bitcoin-pitkäaikaisuuksissa likvidoitiin vain tunnissa

Bitcoinin hintojen äkillinen lasku aiheutti valtavia selvitystiloja eräissä suurimmista salauspörsseistä.

Bitcoinia ei kutsuta haihtuvaksi omaisuudeksi turhaan. Samalla kun salauspiirien yleinen mielipide muuttui noususta erittäin nousevaan, Bitcoin teki asian ja laski yli 11% tänä aamuna – selvittäen lähes 556 miljoonaa dollaria kolmessa suositussa salausvaihdossa yhdessä sen kanssa.

Tästä yli 262 miljoonaa dollaria Bitcoin-kausia purettiin salausvaihto Binancella pelkästään yhden tunnin aikana.

Likvidoinnit ovat prosessi, jossa pörssi sulkee futuurikaupat automaattisesti, koska kauppiaat ottavat lainaa suuria määriä eli käyttämällä vipuvaikutusta – pörsseistä vetoon niiden pääomaa suuremmista määristä. Kun hinta saavuttaa ennalta määrätyn kynnyksen, tällaiset vipuvaikutteiset positiot suljetaan ja voivat aiheuttaa kaskadivaikutuksen, joka puolestaan ​​ajaa markkinahintoja entisestään.

Tämän päivän selvitystilat olivat „pitkiä“ positioita, mikä tarkoittaa niitä kauppiaita, jotka lainasivat pääomaa lyömään vetoa Bitcoinin hinnasta. Mutta Bitcoinin alaspäin suuntautuvat liikkeet pilasivat kaiken sen.

Binance valvoi eniten selvityksiä tänä aamuna, ja yli 425 miljoonaa dollaria oli kulunut pikku tunneissa. Samaan aikaan salauspörssin kauppiaat BitMEX ja Bitfinex menettivät yli 117 miljoonaa dollaria ja 14,7 miljoonaa dollaria vastaavasti samalla ajanjaksolla.

Korjaus tapahtui peräkkäisten viikkojen nousevien hintojen ja Bitcoin Future lähestyessä kaikkien aikojen korkeimpia arvojaan aiemmin tällä viikolla. Jotkut tekniset ja tunteen indikaattorit osoittivat kuitenkin joka tapauksessa tulevaa laskua.

„Pelko ja ahneus“ -indeksi – joka laskee markkinoiden ilmapiirin useista sosiaalisen median lähteistä saatujen tietojen perusteella – viittasi siihen, että markkinat olivat liian „ahneita“> 90-luokituksella viime viikolla.

Lisäksi suosittu indikaattori nimeltä Relative Strength Index (RSI), vauhtiin perustuva tekninen työkalu, joka seuraa omaisuuserien hintojen kasvua, ehdotti, että Bitcoin oli „ostettu yli“ ja vihjasi korjaukseen.

Sillä välin kauppiaiden yleinen mielipide mikroblogointialustalla Twitter on edelleen vähäistä. He huomauttavat, että Bitcoin – joka kaatui tunnetusti yli 30% kolmessa tapauksessa ennen kuin saavutti kaikkien aikojen korkeimman tasonsa vuonna 2017 – lopulta toipuu tästä laskusta ja nousee kohti uudempia korkeuksia.

Tai se on ainakin toivo.

South Korea has embarked on the development of the Blockchain.

The South Korean minister spoke about the government’s intention to cultivate the development of giant blockades as part of a medium-term strategy to accelerate growth following the devastating effects of the Coronavirus pandemic on the country’s small and medium-sized businesses.

„Blockchain technology will become particularly important in the post-coronavirus era. It will enable businesses and start-ups in the blockaded area to develop in the future. We will try to create an ecosystem that will help,“ said Park Yong-Sang, Minister for SMEs and Startups Development.

Speaking at the Blockchain Conference in the South Korean capital, Park said he hopes that the summit „will be a starting point for the creation of giant companies in the Blockchain sector“ and will also help revive the state free regulatory zone for blockchain Anon System projects in the port city of Busan.

In addition, Park discussed the possibility of making policy decisions that would help block technology companies to grow and operate in parallel with other contactless innovations in Industry 4.0.

The SME sector is expected to bear the brunt of the economic consequences following the Coronavirus epidemic, and many export companies are already threatened with collapse due to a sharp drop in orders.

Following the new message, the Zero Rau platform, supported by the government, is set for a major upgrade based on block technology. It will allow sellers, suppliers and buyers to make and receive payments „without commission“.

Bitcoin could triple its user base thanks to PayPal crypto integration

The integration of cryptos by PayPal seems a good sign for Bitcoin’s price, as it could triple its user base

The price of Bitcoin Bank exceeded the $13,000 level for the second time after PayPal’s announcement caused a powerful rise pushing the asset to a new high for 2020.

Currently at around $12,970, Bitcoin has gained almost 10% following the news, surpassing PayPal itself in terms of market capitalization to take 21st place in the ranking of the largest assets.

PayPal’s announcement about the crypto integration comes two weeks after Square, another payment giant, announced the investment of about 1% of its assets in Bitcoin.

According to Lanre Jonathan Ige, researcher at Amun AG, the continued trend of large investments will be crucial in attracting institutional interest in Bitcoin:

„Companies often follow the trend, and we can expect a number of other companies to follow Square and MicroStrategy’s example, while asset returns continue to astound.

However, recent news from PayPal is more likely to bring the masses to Bitcoin instead of promoting Bitcoin for institutions. PayPal could engage a more mainstream audience, spreading cryptocurrency first as an investment vehicle and in the future as a payment method, one of the main goals of the Bitcoin community in terms of mass adoption.
PayPal could expand the Bitcoin user base

According to Glassnode data, Bitcoin currently has over 187 million users, or „hodler“. However remarkable, crypto analyst Willy Woo pointed out that this number pales in comparison to the 487 million PayPal users.
Bitcoin HODLer totals

By integrating Bitcoin, PayPal is bringing the name to a mainstream audience. Although for the moment it will only be possible to buy, sell and store Bitcoin through PayPal, the company has announced that in 2021 it will add payments and transfers in cryptocurrency. This could consolidate Bitcoin’s reputation as a payment and remittance mechanism.

Making transactions through PayPal and other centralized platforms could even become one of the ways Bitcoin manages to reach a mainstream user base. Centralized transactions (along with other methods such as sidechain and lightning network) could be used to reduce congestion on the Bitcoin blockchain, allowing it to be used for larger transactions that require greater security, transparency or immutable proof of ownership.

Bitcoin is on track to overcome the banks

While payment processing companies and cryptocurrencies seem to be finding greater synergy with the passage of time, the same cannot be said for banks, and these difficulties are reflected in their quotes.

Jon Erlichman, tech correspondent at BNN Bloomberg, reported that this year assets such as Bitcoin, Ether and shares in payment companies such as PayPal and Square have performed well, but since the beginning of the COVID-19 pandemic financial stocks have not delivered the expected results.
Bitcoin and Ether performance since the beginning of the year to date.
Since the beginning of 2020, Bitcoin and Ether prices have increased by 80.5% and 217%. In the meantime, PayPal has grown by 99% and Square by 186%. Banks such as JPMorgan and Bank of America, on the other hand, have lost 28% and 32% respectively. Citigroup suffered a loss of 46% and Wells Fargo saw a drop of 58%.

As for Bitcoin, the first cryptocurrency continues to be one of the highest performing assets in existence, surpassing gold and the S&P 500 by a large margin in 2020.

As more and more people interact with Bitcoin as an investment vehicle, consumers may turn their backs on banks and invest in cryptocurrency.

According to experts, Bitcoin may even benefit from what some call the ‚Robinhood effect‘, a phenomenon in which retail investors with disposable income purchase an asset through playful investment platforms without fees to avoid the rigmarole often associated with banks.

If this were to happen at BTC, the digital asset could witness the same kind of hyperbolic buying frenzy observed months ago when Robinhood investors poured funds into Tesla.